Mike Klis of 9News.com
has the details of the contract. Here they are:
1. Signing bonus: $50 million.
2. 2022 option bonus: $5 million, fully guaranteed.
3. 2022 base salary: $2 million, fully guaranteed.
4. 2023 option bonus: $20 million, fully guaranteed.
5. 2023 base salary: $8 million, fully guaranteed.
6. 2024 option bonus: $22 million fully guaranteed.
7. 2024 base salary: $17 million, fully guaranteed.
8. 2025 base salary: $37 million, guaranteed for injury at signing and fully guaranteed as of March 2024.
9. 2026 base salary: $40 million, with “partial” injury guarantees.
10. 2027 roster bonus: $1 million.
11. 2027 base salary: $44 million.
12. 2028 base salary: $50 million.
The deal has $124 million fully guaranteed at signing. The practical guarantee is $161 million over four years, given that the 2025 base salary becomes fully guaranteed in 2024, a full year early.
The cash flow is $57 million through the first year, $85 million through two years, $124 million through three years, and $161 million through four years.
He was due to make $51 million over the next two years. He’ll make $34 million more than that.
The deal has a new-money value of $49 million for the five-year extension. Factoring in the two existing years, it’s $42.2 million over seven years.
That’s seven years. The Broncos hold his rights through 2028. They can, if they so choose, give him a new deal if the market and/or salary cap get out of whack. But they don’t have to.